pretty boring. open, looking for some type of liquidity run. Maybe rebalance day then fall back into the range. Days like this, draw a broadening formation. $ES_F #TheStrat#ICT
Draw Broadening formations,
NAS weaker
Here is the 1min FVG
higher risk with NY open
move up
Rejection
could take some off at 1R with NY risk
and stopped, supposed to have stop high of day here on open, just too much risk imo.
and that is why i like stop high of candle that created FVG
just rebalanced the day, lets see what happens.
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Once you realize price is in a consolidation, interest lies at the high and low of the range for a reversal or a true break to occur... generally focused on reversal.
ideally:
- sweeps low in bullish orderflow
- sweeps high in bearish orderflow
After one side of the range is taken, look to see if there is lower time frame confirmation of the reversal.
There are 3 different candle types I focus on.
One I don't want to be trading.
One I want to trade after.
One I want to trading.
So which is which? 👇
Indecision Candle :
I do not want to participate in this price action.
I study previous charts which give me conditions which I anticipate this type of candle.
Reversal Candle:
Although I will occasionally participate in a reversal candle, my main focus lies in what follows.
I went from 3 27" monitors to a 14" MacBook for trading.
Here is how I currently have my @tradingview set up.
You will notice I have tabs color coordinated.
So what is on each tab?
Tab 1:
This will be ES and NQ side by side for SMT.
Tab 2-5: Each will be a single asset
I will have the daily chart (top right)
m15 chart with daily candle & times (bottom right)
the left I will use for the hourly / m5 when seeking entries.